N.C. legislators begin to address issue of Daily Fantasy Sports

North Carolina legislators have begun to address the issue of Daily Fantasy Sports (DFS).

House Bill 279, filed last week, would require registration with the Secretary of State's Office for companies that operate fantasy sports sites that require money up front and pay out cash prizes.

The sites would have to submit business audits to show regulators that their contests aren't rigged, disclose the maximum number of entries any single player can submit to any contest and comply with requests to bar individuals from playing in contests in the future. DFS entities would be assessed a registration fee based on their gross profits every five years.

North Carolina's proposed law doesn’t stop anyone from offering fantasy sports, and it wouldn't apply to players or commissioners, just to the companies that run the games. Operators breaking the law would face fines and the possible suspension or revocation of their registration.